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Google Announces Strong Q3 Results
Oct 16 2009, 10:47am CDT | by Robert Evans
The economy's had a hard year, but you'd never know it from looking at Google. They just released their Q3 numbers today, and posted total year-over-year revenue growth of 7%. Their revenue totalled $5.94 billion for this quarter. 53% of total Google revenues came from outside of the United States, as opposed 51% in the same quarter in 2008.
Google's AdSense did very well this quarter. Aggregate paid clicks were up by 4% over Q2 of this year, and up 14% over Q3 2008. Cost-per-click was up 5% in Q3 over Q2, but down 6% compared to where it was in Q3 2008. That's only to be expected; advertising revenue has taken a hit everywhere as a result of the ailing economy. On the plus side, this quarter's recovery lends some credence to Google's claim that the worst is over.
"While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future." said Eric Schmidt, CEO of Google.
Looking at the numbers Google posted, it's hard not to agree with his statement. Ad revenue is still down from last year, but it's up from earlier in this year. Traffic has also seen a big boost, and the increase in foreign revenue points to a more diversified Google. They've managed to continue to grow, despite the harsh economy. With a recovery starting to swing into gear, Google's future looks as bright as it ever has.
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